Key Developments For China Housing & Land Development, Inc.
China Housing & Land Development, Inc. (CHLN.O) (Consolidated Issue listed on NASDAQ Capital Market)
China Housing & Land Development, Inc. Profit Soars, Shares Jump-Reuters
Reuters reported that shares of China Housing & Land Development, Inc. raises sharply as its quarterly profit rose nine-fold, helped by higher average selling prices for units under its JunJing II Phase One and Two projects. For the third quarter, net income rose to $12.7 million, or $0.24 a share, compared with $1.4 million, or $0.04 per share, a year ago. Excluding special items, the Company earned $0.06 per share. Revenue rose three fold to $23.8 million.
China Housing & Land Development, Inc. Announces Receipt Of New Bank Loan To Fund JunJing II Phase 2 Project
China Housing & Land Development, Inc. announced that it has been granted a RMB120 million (USD$17.5 million) bank loan from China Construction Bank to support the development of its JunJing II Phase 2 project. This loan is a new drawdown from the Company's existing RMB 1 billion (USD$147 million) credit line.
China Housing & Land Development, Inc. Names New Chief Financial Officer
China Housing & Land Development, Inc. announced that Mr. Cangsang Huang has been named Acting Chief Financial Officer of the Company. He will succeed Mr. William Xin, who is leaving the company, effective immediately.
China Housing & Land Development, Inc. and Prax Capital Real Estate Holding Limited Joint Venture Equity Capital Is in Place
China Housing & Land Development, Inc. and Prax Capital Real Estate Holding Limited announced that they have completed the formation of their joint venture to develop the first 79 acres of the Baqiao project.
China Housing & Land Development, Inc. Acquires Property Management Company in Xi'an
China Housing & Land Development, Inc. announced that it has completed the acquisition of Xi'an Xinxing Property Management Co., Ltd.Xinxing was privately owned and provides property management services to China Housing's past residential and commercial projects. Total consideration for the acquisition will be RMB12 million.
